The National Union of Romanian Hauliers (UNTRR) welcomes the political agreement reached regarding the enlargement of the Schengen Area with Romania and Bulgaria's air and sea borders starting from March 2024, but calls on Romanian and European authorities to also establish a clear date for the enforcement of the Schengen visa-free rules for land borders as well, starting in 2024."Schengen accession is an important and much-awaited step by Romanian passengers and transport operators, which should have been achieved as early as in 2011, when the European institutions found that Romania meets all the technical requirements for admission. Given that all passenger data are at the disposal of air transport operators, the enlargement of the Schengen Area with Romania's air borders could have been accomplished a long time ago. There is obviously no justification of a technical nature for the delay, the reasons are political, the members of the EU club have chosen to punish Romania and Bulgaria and reduce their competitiveness all this time, curbing their development potential. Yet now, Romania's joining the Schengen with the land borders is an emergency for road freight carriers whose efficiency is currently severely penalized through the extremely long waiting times (about 30 - 36 hours daily between Romania and Bulgaria) and for coach operators, in order to avoid the significant administrative burden arising from the new obligations of verifying passenger data in the European EES and ETIAS travel registration and authorization systems starting from next year," UNTRR secretary general Radu Dinescu said, as cited in a release of the organization.According to a report conducted by UNTRR this year on the impact on road freight of Romania being kept out of Schengen, the industry incurred losses of 2.41 billion euros."We request the urgent setting of a definite date for Romania's Schengen entry with land borders too, and if there are certain special requirements, they should be clearly mentioned in order to have a precise reference regarding the accession calendar and the goals to be achieved. The criteria the other members of the EU club want Romania and Bulgaria to fulfill must not exceed the general framework and the technical requirements for admission," said Dinescu.UNTRR representatives point out that the road transport industry, which with 7.66 billion euros in 2022 is Romania's largest exporter of services, is the economic branch most affected by Romania being kept out of Schengen.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
